INTERNATIONAL China, Pak, Thai, Mongolia to hold military exercise • The armed force of the country China, Pakistan, Mongolia and Thailand will take part in a multinational peacekeeping exercise named “Shared Destiny-2021”. The exercise will be held in China in the month of September 2021. The four countries will take part in the first multinational peacekeeping live exercise “Shared Destiny-2021” at the combined-arms tactical training base of the PLA in Henan’s Queshan county. • All the four countries will dispatch more than 1,000 troops to participa...

INTERNATIONAL India signs pact with Maldives for $500 million Greater Male Connectivity Project • The Government of India and Maldives inked the contract for the mega Greater Male Connectivity project (GMCP). The Greater Male Connectivity project (GMCP) is the largest-ever civilian infrastructure project in the Maldives. The Government of India is funding the implementation of GMCP through a USD 400 million Line of Credit (LoC) and USD 100 million grant. The USD 400 million LoC will be provided by the Export-Import Bank of India (Exim Bank). • The project will be developed by Indi...

INTERNATIONAL Dubai sets up money laundering court • Dubai Courts announced the establishment of a specialised court, focused on combating money laundering, within the Court of First Instance and Court of Appeal. This court ties into a string of initiatives aimed at reducing financial crimes and follows the recent establishment of the Executive Office of the Anti-Money Laundering & Countering the Financing of Terrorism. • This move will enable our stakeholders to raise their efficiency in effectively implementing the National AML/CFT Strategy and National Action Plan and achie...

INTERNATIONAL Infosys becomes fourth Indian firm to touch $100 billion market cap • The shares of Information Technology major, Infosys hit a record high during intraday trading, which helped the company cross $100 billion in market capitalisation. Infosys is the fourth Indian company to achieve this milestone. Reliance Industries (m-cap of $140 billion), Tata Consultancy Services (m-cap $115 billion) and HDFC Bank (m-cap $100.1 billion) are the other Indian firms in the club with Infosys. • Infosys has been one of the fastest-growing companies in India, providing business consult...

NATIONAL NITI Aayog and World Resources Institute India Jointly Launch ‘Forum for Decarbonizing Transport’ in India • NITI Aayog and World Resources Institute (WRI), India, jointly launched the ‘Forum for Decarbonizing Transport’ in India. NITI Aayog is the implementing partner for India. The aim of the project is to bring down the peak level of GHG emissions (transport sector) in Asia (in line with a well below 2-degree pathway), resulting in problems like congestion and air pollution. • The Forum has been launched under the NDC-Transport Initiative for As...